London Borough of Hillingdon Pension Fund

London Borough of Hillingdon Pension Fund

The London Borough of Hillingdon Pension Fund operates as part of the Local Government Pension Scheme (LGPS), with Hillingdon Council acting as the statutory administering authority. Day-to-day administration is delegated to Hampshire County Council. Corporate Director of Finance Andy Evans holds oversight responsibility, with James Lake and Tunde Adekoya managing statutory accounting and fund accounting respectively. Strategy spans direct holdings and pooled fund commitments. The fund owns commercial property — including the Hillingdon Civic Centre and a social housing portfolio within the borough — alongside interests in the AEW UK Property Pooled Fund, UBS Global Asset Management Property Fund, and LGIM Long Lease Property Fund. It also maintains a cash and equivalents position. On the private markets side, the fund is tagged for co-investments, fund-of-funds, secondaries, distressed debt, venture, growth, and buyout exposure. Geographic reach extends across the United Kingdom and global mandates. Roughly 85-95% of assets sit within the London CIV, a collective investment vehicle for London borough pension funds. The fund is a shareholder and member of that pool, and it also participates in the Local Authority Pension Fund Forum (LAPFF) for collaborative shareholder engagement. It is a signatory to the 2020 UK Stewardship Code and has committed to reporting under the Taskforce on Climate-related Financial Disclosures (TCFD). The structural differentiator is the London CIV pooling arrangement itself. Rather than building a large in-house investment team, Hillingdon channels the vast majority of its portfolio through a shared London-local-government vehicle, retaining only a narrow slice of directly held property and cash outside that structure. This architecture concentrates governance in the administering authority while outsourcing investment selection and manager oversight to the pool.